Equity funds State Street Active Asie State Street Global Advisors France S.A. allgemein Asien/Pazifik First State Asia Pacific Fund First State Investments ICVC allgemein Asien/Pazifik (ex Japan) Investec Asia ex Japan Fund Investec Funds allgemein Asien/Pazifik (ex Japan) UniAsiaPacific Union Investment Luxembourg S.A. allgemein Asien/Pazifik (ex Japan) Baring Hong Kong China Fund Baring International Fund Managers (Ireland) Limited allgemein China/Großchina (China, Hongkong, Taiwan) Morgan Stanley Em. Europe, Middle East & Nor. Africa Morgan Stanley SICAV allgemein Emerging Markets Fidelity Funds - European Aggressive Fund Fidelity Investments allgemein Europa H & A Lux Equities - VALUE Invest Hauck & Aufhäuser Investmentgesellschaft S.A. allgemein Europa Callander Fund - Japan New Growth Callander Fund allgemein Japan Henderson Horizon American Equity Fund Henderson Horizon Fund SICAV allgemein USA/Kanada (Nordamerika) Janus US Twenty Fund Janus Capital Funds PLC allgemein USA/Kanada (Nordamerika) The Alger American Asset Growth Fund ALGER SICAV allgemein USA/Kanada (Nordamerika) Astra-Fonds DWS Investment GmbH allgemein Welt FMM-Fonds FRANKFURT-TRUST Investment-Gesellschaft mbh allgemein Welt FvS Portfolio Aktien Global A Oppenheim Asset Management Services S.à.r.l. allgemein Welt M&G Global Basics Fund M&G Investment Funds allgemein Welt Alger MidCap Growth Fund The Alger Fund Nebenwerte USA/Kanada (Nordamerika) Gartmore SICAV Continental European Fund Gartmore SICAV Standardwerte Europa LEA-Fonds DWS DWS Investment GmbH Standardwerte Europa UBS (Lux) Equity Fund - Canada UBS (Luxembourg) S.A. Standardwerte USA/Kanada (Nordamerika) Berliner VB Aktien Union Union Investment Privatfonds GmbH Standardwerte Welt Delbrück Bethmann Maffei International OP Oppenheim KAG Standardwerte Welt Kapitalfonds Spezial AmpegaGerling Investment GmbH Standardwerte Welt SEB Concept Biotechnology SEB Invest Luxembourg S.A. themenorientiert Biotechnologie New Energy Fund Sarasin Multi Label SICAV themenorientiert Energie/Versorger DWS Finanzwerte DWS Investment GmbH themenorientiert Finanz KBC Equity Fund Asset Management KBC Equity Fund themenorientiert Finanz MLIIF World Mining Fund BlackRock (Luxembourg) S.A. themenorientiert Gold/Edelmetalle/Rohstoffe Morgan Stanley Asian Property Fund Morgan Stanley SICAV themenorientiert Immobilien Deka-XTENSION Deka Investment GmbH themenorientiert Konsum FORTIS L FUND Equity Consumer Goods Europe FORTIS L FUND SICAV themenorientiert Konsum
Equity funds UBS (Lux) Equity Fund - Global Innovators UBS (Luxembourg) S.A. themenorientiert Ökologie/Umwelt/Sustainability Vontobel Fund - Global Trend New Power Vontobel Fund Management S.A. themenorientiert Ökologie/Umwelt/Sustainability Monega Innovation Monega Kapitalanlagegesellschaft mbh themenorientiert Technologie UBS (Lux) Equity Fund - European Smaller Technology UBS (Luxembourg) S.A. themenorientiert Technologie Fidelity Funds - Global Telecommunications Fund Fidelity Investments themenorientiert TeleMedien FORTIS L FUND Equity Telecom Europe FORTIS L FUND SICAV themenorientiert TeleMedien Bond funds BWI-RENT D Baden-Württembergische Investmentgesellschaft mbh allgemein Euroland LiLux Umbrella Fund - LiLux Rent LRI Invest S.A. allgemein Euroland siemens/global.bonds Allianz Invest Kapitalanlagegesellschaft mbh allgemein Euroland AXA WF - European Convergence Bonds AXA Funds Management S.A. allgemein Europa DWS Euro Strategie (Renten) DWS Investment GmbH allgemein Europa KBC Bonds Euro Candidates KBC Bonds allgemein Europa CS Bond Fund (Lux) Can$ Credit Suisse Asset Management Fund Service allgemein USA/Kanada (Nordamerika) KBC Renta Canarenta KBC Renta allgemein USA/Kanada (Nordamerika) Swisscanto (LU) Bond Invest CAD Swisscanto (LU) allgemein USA/Kanada (Nordamerika) UBS (Lux) Bond Fund - CAD UBS (Luxembourg) S.A. allgemein USA/Kanada (Nordamerika) UBS (Lux) Medium Term Bond Fund - CAD UBS (Luxembourg) S.A. allgemein USA/Kanada (Nordamerika) Kapitalfonds L.K. Globaler Anleihen-Unterfonds Luxemburger Kapitalanlagegesellschaft S.A. allgemein Welt Nordcumula NORDINVEST Norddeutsche Investment-Gesellschaft allgemein Welt STARCAP - Argos IPConcept Fund Management S.A. allgemein Welt StarCapital Bondvalue UI Universal-Investment GmbH allgemein Welt Swisscanto (LU) Bond Invest AUD Swisscanto (LU) allgemein Welt UBS (Lux) Bond Fund - AUD UBS (Luxembourg) S.A. allgemein Welt UBS (Lux) Medium Term Bond Fund - AUD UBS (Luxembourg) S.A. allgemein Welt
Bond funds Thames River High Income Fund Traditional Funds plc Hochzinsanleihen Emerging Markets ZZ1 CPB Kapitalanlage GmbH Hochzinsanleihen Emerging Markets ESPA CASH EURO-MIDTERM ERSTE SPARINVEST Kurzläufer Euroland Threadneedle European High Yield Bond Fund Threadneedle Investments Unternehmensanleihen Europa Fund of funds BBBank Wachstum Union Union Investment Privatfonds GmbH ausgewogen Welt Sauren Global Balanced Sauren Fonds-Select SICAV ausgewogen Welt Volksbank Rhein-Neckar Union Global Union Investment Privatfonds GmbH ausgewogen Welt Multi Opportunities II DWS Investment S.A. flexibel Welt SÜDWESTBANK-InterSelect-UNION Union Investment Privatfonds GmbH flexibel Welt ACATIS 5 Sterne-Universal-Fonds Universal-Investment GmbH Schwerpunkt Aktienfonds Welt Beta Select DJE Investment S.A. Schwerpunkt Aktienfonds Welt Carmignac Profil Reactif 100 CARMIGNAC GESTION Schwerpunkt Aktienfonds Welt Carmignac Profil Reactif 75 CARMIGNAC GESTION Schwerpunkt Aktienfonds Welt CondorTrends-Universal Universal-Investment GmbH Schwerpunkt Aktienfonds Welt Fonds Direkt Sicav - Skyline Dynamik Fonds Direkt SICAV Schwerpunkt Aktienfonds Welt HSBC Trinkaus Top Invest HSBC Trinkaus Investment Managers S.A. Schwerpunkt Aktienfonds Welt MultiSelect Global-Chancen Institutional Trust Management Company Schwerpunkt Aktienfonds Welt Sauren Global Opportunities Sauren Fonds-Select SICAV Schwerpunkt Aktienfonds Welt UniSelection: Global I Union Investment Privatfonds GmbH Schwerpunkt Aktienfonds Welt BBBank Kontinuität Union Union Investment Privatfonds GmbH Schwerpunkt Rentenfonds Welt BerolinaCapital Sicherheit Deka International S.A. Schwerpunkt Rentenfonds Welt Carmignac Profil Reactif 50 CARMIGNAC GESTION Schwerpunkt Rentenfonds Welt
Mixed funds Carmignac Patrimoine CARMIGNAC GESTION ausgewogen Welt Plutos International Fund COMINVEST Asset Management S.A. ausgewogen Welt Sarasin GlobalSar (EUR) Sarasin Investmentfonds SICAV ausgewogen Welt IDEAL GLOBAL IDEAL INVEST SICAV flexibel Welt ZZ3 CPB Kapitalanlage GmbH flexibel Welt DWS Vorsorge AS (Dynamik) DWS Investment GmbH Schwerpunkt Aktien Welt DWS Vorsorge AS (Flex) DWS Investment GmbH Schwerpunkt Aktien Welt Gamma Concept DJE Investment S.A. Schwerpunkt Aktien Welt Mellon Global Intrepid Fund Mellon Global Funds, plc Schwerpunkt Aktien Welt DEGUSSA BANK-UNIVERSAL-RENTENFONDS Universal-Investment GmbH Schwerpunkt Renten Welt FI ALPHA Renten Global DWS Investment S.A. Schwerpunkt Renten Welt Invest Classic Union Investment Privatfonds GmbH Schwerpunkt Renten Welt JPM Global Capital Preservation (EUR) JPMorgan Asset Management Schwerpunkt Renten Welt ZZ2 CPB Kapitalanlage GmbH Schwerpunkt Renten Welt Money market funds Raiffeisen-Euro-Liquid Raiffeisen Kapitalanlage-Gesellschaft mbh EUR SKAG EuroCash Siemens Kapitalanlagegesellschaft mbh EUR DB Portfolio USD Liquidity DWS Investment S.A. USD UBS (Lux) Emerging Economies Fund-Latin Amer. M. M. UBS (Luxembourg) S.A. USD
RS Research Services The fondsmeter Ranking is based on the so-called risk adjusted performance (RAP) auf. This two-dimensional ratio is calculated from the performance achieved and the risk (volatility) taken. When comparing two funds featuring the same positive performance, the fund less risky is given a better (higher) RAP-ratio. Conversely, when comparing two funds with the same negative performance: in such case, the fund running the higher risk scores the better (higher) RAP-ratio. Ranking methodology Ranking of the funds will be done at the end of each month. The higher the RAP-ratio of a fund under consideration, the better the performance of this fund in the selected sector. For a quicker orientation those funds with the best RAP-ratios of their respective sector will be given triple-graded PLUS-symbols. This applies for different periods, respectively: for the short-term ranking the period will be one year, for the mid-term ranking the period amounts to three years and for the long-term ranking this period will be five years. For each period, the PLUS-characters will bear a certain colour (short-term ranking: RED, mid-term ranking: BLUE, long-term ranking: GREEN). This will result in the following fondsmeter Ranking representation: Ranking Ranking Ranking TRIPLE PLUS: for the first 10 % DOUBLE PLUS: for the second 10 % SINGLE PLUS: for the third 10 % NO PLUS: for the remaining 70 % Annual award At the end-of-year reporting date, those funds having achieved a TRIPLE PLUS based on the fondsmeter Ranking during all three ranking periods will be granted an award. Calculating the RAP ratio The RAP ratio will be calculated over a period of one year (short-term ranking), three years (mid-term ranking) or five years (long- Term Ranking). The ratio merges together the two parameters risk (volatility) and performance using a scientifically developed formula. When applying this formula it is assumed that the investor solely wants to invest in one single fund. RAP - calculation formula: - Intermediate step : leverage factor = volatility of the benchmark volatility of the fund - RAP = (performance of the fund leverage factor) - [risk-free interest rate (leverage factor - 1)] Examplary calculation by means of the Ranking: - Assumption: 1-year-volatility of the benchmark: 13,97 % 1-year-volatility of the fund: 11,38 % 1-year-performance of the fund: 11,50 % 1-year-risk-free interest rate: 5,00 % - Intermediate step: leverage factor = 13,97 % / 11,38 % = 1,228 - RAP = (11,50 % 1,228) - [5,00 % (1,228-1)] = 12,982 %
RS Research Services Scientific background and realization The RAP ratio reflects the fund s performance standardized on the volatility of the benchmark. The basis of the risk adjusted performance of a fund consists of risk-adjusted reference portfolios, the risk of which corresponds to the risk of the market index. For a fund whose risk is above market risk, a certain defined part of the fund is sold (theoretically) and the cash obtained is invested at a risk-free interest rate. In the event of the fund s risk being below the market index, investments in the fund are increased by borrowing money from the bank (theoretically as well) at a risk-free interest rate. The result obtained shows whether a fund has managed to outperform its benchmark and/or other funds of a selected sector in a risk-standardized manner: Calculation of the RAP ratio is based on publications of Prof. Dr. Marco Wilkens and PD Dr. Hendrik Scholz of the University of Göttingen (Institute for Microeconomic Monetarism) and of the Catholic University Eichstätt / Ingolstadt where both are active at the professorship for Financing and Banking Management. The fondsmeter Ranking was realized and is operated by the, an independent Financial Content & Application Service Provider headquartered in Haar near Munich. The calculations are based on information originating from the fund database of. The contents of this database are maintained and serviced by the editorial staff of according to following criteria: up-to-dateness, completeness and trueness. This is why all information for the fund database are researched exclusively by working directly together with the investment trusts and/or the fund managers or investment consultants. Calculating the RAP-ratio(s) and giving PLUS symbols to the funds within the scope of the fondsmeter Ranking is done at the end of each month. Prerequisites for a consideration within the fondsmeter Ranking Germany 1. must be given access to the respective data in the required quality. 2. The corresponding fund must exist at least one year (short-term ranking), three years (mid-term ranking) or five years (long-term ranking). 3. The corresponding fund must be registered for sale in Germany 4. The sector to which the fund will be allocated by in the fund database, must include at least 20 funds for the respective period of time. Calculation in uniform currency (Euro) and based on consolidation of single share classes of a fund Within the fondsmeter Ranking assesses comparable share classes (tranches) of a fund in a consolidated manner. This method, for example, is applied to merely converted share classes which currency adjusted achieve identical results. As a rule, uses, as basis, the share class being available on the market for the longest time. Further criteria could be, among other things, data availability as well as the number of shares issued. Only in such cases where comparability is not given (different fee structure, hedged share class, etc.) it is refrained from consolidation of share classes. Independent of consolidation of single share classes together, all share classes are represented in the ranking overview. All calculations are based on EURO. Important note Calculation of the RAP-ratio(s) is based exclusively on data from the past. The future performance of a fund cannot be predicted. All information concerning the fondsmeter Ranking and consequently also categorization according to TRIPLE PLUS, DOUBLE PLUS, SINGLE PLUS and NO PLUS do not represent like all information published under www.fondsweb.de a valuation or recommendation for buy, hold or sell transactions of securities especially of investment funds. All information given without engagement errors and omissions.